Sotheby’s International Realty CEO Philip White said people are moving back to cities after a migration away from them during the initial part of the pandemic, according to Bloomberg. He said he’s “never seen [the market] any stronger than this,” in a video on the...
The Mexico City-based startup Kocomo announced on Monday (Aug. 30) that it had closed on $50 million in debt financing and $6 million in equity to help it meet its goal of making vacation homeownership more achievable. As TechCrunch reported, the company’s mission is to...
After a week in which Walmart and Target posted strong quarterly results on the back of both in-store and eCommerce sales, it’s as clear as ever that omnichannel is the way of the retail future — and those that don’t embrace it risk falling behind....
The complexity and uncertainty of real estate transactions has long been a source of major headaches for buyers and sellers, with closings routinely contingent upon multiple factors, including the sale of a buyer’s existing property and their ability to secure financing. More recently, there’s also...
Rent-to-own property technology firm Divvy Homes raised $200 million co-led by Tiger Global Management and Caffeinated Capital, giving the startup a valuation of $2 billion, Bloomberg reported on Friday (Aug. 13). Divvy Homes purchases residential properties on behalf of renters and assists them in becoming...
Goldman Sachs says ring-fencing regulations imposed after the 2008 Global Financial Crisis are driving up housing prices in England by promoting business practices that have resulted in super-low interest rates for homebuyers able to make big down-payments, the Daily Mail reported Saturday (Aug. 7). Ring-fencing...
The Consumer Financial Protection Bureau (CFPB) launched an online tool on Thursday (July 29) to help renters and landlords search and apply for help to cover rent, utilities and other costs, according to a press release. The Rental Assistance Finder aims to help renters stay...
Would you be willing to spend longer commuting to work if it meant paying less for where you live? If so, you’re not alone. A new report from Zillow finds that homebuyers during the COVID-19 pandemic have been willing to trade long commutes for lower...
U.S. homeowners have a staggering $8.1 trillion in untapped equity in their properties, according to data service Black Knight Inc., but despite all that equity and a strong economy, banks are reluctant to write home equity loans, Bloomberg reports. “Many banks are still wary of...
